Chasqui: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Chasqui
Largest movements
- Receivables after one year -€1.2m
down €1.2m (-20.8%), from €5.8m to €4.6m
- Receivables within one year +€1.1m
up €1.1m (+91.7%), from €1.1m to €2.2m
of which Other amounts receivable: +€1.0m
- Cash +€440,211
up €440,211 (+2672.6%), from €16,471 to €456,683
mainly Net result for the year (+€4.9m) and Receivables after one year (+€1.2m)
- Reserves +€3.1m
up €3.1m (+55.4%), from €5.6m to €8.7m
of which Distributable reserves: +€3.1m
- Debts after one year -€2.6m
down €2.6m (-39.9%), from €6.4m to €3.9m
- Short-term financial debts -€566,064
no longer reported in 2025 (was €566,064)
- Tax, wage and social debts +€469,223
up €469,223 (+2439.9%), from €19,231 to €488,454
- Trade debts -€229,754
down €229,754 (-95.9%), from €239,485 to €9,731
- Financial income +€5.7m
up €5.7m (+4773.5%), from €119,330 to €5.8m
of which Non-recurring financial income: +€5.7m
- Taxes +€470,226
up €470,226 (+4769.1%), from €9,860 to €480,086
- Financial charges +€404,830
up €404,830, from -€37,248 to €367,583
- Gross operating margin -€81,509
down €81,509 (-79.0%), from €103,178 to €21,669
- Depreciation -€25,868
down €25,868 (-28.0%), from €92,308 to €66,440
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,821,035 | €13,168,392 | +€347,357 | +2.7% |
| Fixed assets | 21/28 | €5,561,075 | €5,580,644 | +€19,568 | +0.4% |
| Tangible fixed assets | 22/27 | €648,815 | €580,045 | -€68,770 | -10.6% |
| Land and buildings | 22 | €505,005 | €466,968 | -€38,037 | -7.5% |
| Plant, machinery and equipment | 23 | €4,027 | €2,600 | -€1,427 | -35.4% |
| Furniture and vehicles | 24 | €139,783 | €110,477 | -€29,306 | -21.0% |
| Financial fixed assets | 28 | €4,912,260 | €5,000,599 | +€88,339 | +1.8% |
| Current assets | 29/58 | €7,259,959 | €7,587,748 | +€327,789 | +4.5% |
| Amounts receivable after more than one year | 29 | €5,775,000 | €4,575,000 | -€1.2m | -20.8% |
| Other amounts receivable | 291 | €5,775,000 | €4,575,000 | -€1.2m | -20.8% |
| Amounts receivable within one year | 40/41 | €1,145,713 | €2,196,753 | +€1.1m | +91.7% |
| Trade receivables | 40 | €243,535 | €284,082 | +€40,548 | +16.6% |
| Other amounts receivable | 41 | €902,179 | €1,912,671 | +€1.0m | +112.0% |
| Current investments | 50/53 | €310,865 | €329,143 | +€18,278 | +5.9% |
| Cash at bank and in hand | 54/58 | €16,471 | €456,683 | +€440,211 | +2672.6% |
| Deferred charges and accrued income | 490/1 | €11,910 | €30,170 | +€18,260 | +153.3% |
| Total equity and liabilities | 10/49 | €12,821,035 | €13,168,392 | +€347,357 | +2.7% |
| Equity | 10/15 | €5,492,174 | €8,732,555 | +€3.2m | +59.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,606,811 | €8,713,955 | +€3.1m | +55.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,604,951 | €8,712,095 | +€3.1m | +55.4% |
| Profit (loss) carried forward | 14 | -€133,237 | - | +€133,237 | |
| Amounts payable | 17/49 | €7,328,861 | €4,435,836 | -€2.9m | -39.5% |
| Amounts payable after more than one year | 17 | €6,437,651 | €3,870,423 | -€2.6m | -39.9% |
| Financial debts | 170/4 | €6,437,651 | €3,870,423 | -€2.6m | -39.9% |
| Amounts payable within one year | 42/48 | €891,210 | €565,413 | -€325,797 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €66,429 | €67,228 | +€799 | +1.2% |
| Financial debts | 43 | €566,064 | - | -€566,064 | |
| Credit institutions | 430/8 | €566,064 | - | -€566,064 | |
| Trade debts | 44 | €239,485 | €9,731 | -€229,754 | -95.9% |
| Suppliers | 440/4 | €239,485 | €9,731 | -€229,754 | -95.9% |
| Taxes, remuneration and social security | 45 | €19,231 | €488,454 | +€469,223 | +2439.9% |
| Taxes | 450/3 | €19,231 | €488,454 | +€469,223 | +2439.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,308 | €66,440 | -€25,868 | -28.0% |
| Other operating charges | 640/8 | €16,578 | €2,779 | -€13,799 | -83.2% |
| Non-recurring operating charges | 66A | €40,000 | - | -€40,000 | |
| Gross operating margin | 9900 | €103,178 | €21,669 | -€81,509 | -79.0% |
| Operating profit (loss) | 9901 | -€45,708 | -€47,550 | -€1,842 | -4.0% |
| Financial income | 75/76B | €119,330 | €5,815,601 | +€5.7m | +4773.5% |
| Recurring financial income | 75 | €119,330 | €105,362 | -€13,968 | -11.7% |
| Non-recurring financial income | 76B | - | €5,710,239 | +€5.7m | |
| Financial charges | 65/66B | -€37,248 | €367,583 | +€404,830 | |
| Recurring financial charges | 65 | -€37,248 | €367,583 | +€404,830 | |
| Profit (loss) for the period before taxes | 9903 | €110,869 | €5,400,468 | +€5.3m | +4771.0% |
| Income taxes | 67/77 | €9,860 | €480,086 | +€470,226 | +4769.1% |
| Profit (loss) for the period | 9904 | €101,009 | €4,920,382 | +€4.8m | +4771.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,009 | €4,920,382 | +€4.8m | +4771.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.